Master of
Real Estate

Create the future of responsible development.

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Learn more about the Master of Real Estate Development and talk with a recruiting specialist by calling 520-621-9819 or completing this form:



The Master of Real Estate Development (MRED) program recruits students with great potential and prepares them to become responsible property investors and developers.

Earn the MRED in person or online. Full-time students can finish in three semesters, while working professionals have the opportunity to complete the degree at their own pace.

Our expert faculty will prepare you for a rewarding career in the real estate investment and development market.

What You'll Learn

In the Master of Real Estate Development, you’ll learn:

  • Principles of real estate, entitlement and construction
  • Advanced real estate investment analysis
  • Fundamentals of real estate finance, capital markets and land development 
  • Decision-making under risk and uncertainty
  • Placemaking for future markets and communities 
  • Advanced real estate finance, technologies and data sources
  • Foundations of urban economic principles 
  • Responsible property investment and sustainability 
  • Professional communication 
  • Professional practice ethics, policies and procedures

You’ll graduate ready to thrive as someone who can create and sustain multiple dimensions of value in one of the largest financial and asset markets in the world.

Funding is available for qualified students.


Earn your Master of Real Estate Development in as little as 12 months online, 18 months on campus


of Master of Real Estate Development graduates find employment in the field within a year of graduation


substantive areas of focus: Real Estate Development Analysis, Real Estate Development Finance and Real Estate Development Practice

Admissions & Cost

Sonoran Pentapus

Application Deadlines

SUMMER 2022 (online only)
May 1: Deadline for Non-Degree Seeking* and/or Program Admission
* Candidate cannot have any application deficiencies to be able to begin in summer term without beginning as non-degree seeking applicant.
Contact graduate coordinator for details.

FALL 2022
January 17: 1st Round Deadline
February 6: 2nd Round Deadline
April 3: 3rd Round Deadline (international student deadline)
May 31: Final Deadline (domestic/international students not requiring a visa)

Program Cost

In-state, on-campus tuition and fees per semester (7+ units):
$5,969 tuition + $4,450 program fees + $667 university fees
Out-of-state, on-campus tuition and fees per semester (7+ units):
$16,033 + $4,450 program fees + $667 university fees
Online program tuition and fees per unit:
$850/unit + $26.50 fees for 1-6 units or $53 fees for 7+ units
Subject to change.

View Admissions & Cost »

The CAPLA Student Experience

The Master of Real Estate Development is home to a diverse group of students, from recent graduates to experienced professionals, who join us from nearly every state in the nation and around the world.

You’ll have plenty of individual attention from faculty who are experts in the field, many of whom are practitioners themselves. The program has close ties to real estate industry leaders who share their expertise in the classroom as guest lecturers and through field trips and site visits.

Explore the Student Experience      View MRED FAQs

Program Partners

The MRED program is accepted by the Certified Commercial Investment Member (CCIM) Institute as one of its University Alliance program participants. The CCIM’s University Alliance program creates several advantages for students, including expediting how students earn CCIM designation after graduation.

Other program partners include:

  • Urban Land Institute (ULI)
  • Southern Arizona CCIM Chapter
  • Commercial Real Estate Women (CREW)
  • Pima County Real Estate Research Council (PCRERC)
  • Tucson Association of Realtors (TAR)

Our Master of Real Estate Development program unites world-renowned faculty, passionate students and experienced professionals who collaborate to address future development challenges and opportunities.

Lauri Macmillan Johnson, Director, School of Landscape Architecture and Planning

Ready to take the next step in your real estate development career?

Learn more about the Master of Real Estate Development by contacting Emilio Romero, graduate services coordinator, or begin your application now:

Start Your Application